Mitch's Weekly Market Report

Indianapolis, IN 46239

Condos/Townhomes

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Indianapolis, IN 46239

Sat Oct 04 2025
This week the median list price for Indianapolis, IN 46239 is $205,000 with the market action index hovering around 32. This is less than last month's market action index of 35. Inventory has decreased to 5. Click here to stay informed with the Indianapolis market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Indianapolis, IN 46239

Sat Oct 04 2025
This week the median list price for Indianapolis, IN 46239 is $205,000 with the market action index hovering around 32. This is less than last month's market action index of 35. Inventory has decreased to 5. Click here to stay informed with the Indianapolis market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Indianapolis market.
Median List Price $205,000
Median Price of New Listings $0
Per Square Foot $133
Average Days on Market 91
Median Days on Market 98
Price Decreased 80%
Price Increased 0%
Relisted 20%
Inventory 5
Median Rent
Market Action 32
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$292,244 1,664 6,500 - 8,000 sqft 2 2.3 1 0 0 122
$205,000 1,541 0 - 4,500 sqft 4 2.5 12 0 0 21
$199,900 1,494 4,500 - 6,500 sqft 4 2.5 20 0 0 112
$169,900 1,309 6,500 - 8,000 sqft 2 2 20 0 0 77